Number borrowers | 851,819 |
Loan Amount (range) | INR 16,000 - 50,000 |
Loan Term (range) | 24 |
Other Services (text summary) | Credit Educ, Group Mtgs, Other Training, Group Leadership Training, Financial Literacy & Social Awareness |
Annual Interest & Method | 22.9% annual, Decl Bal |
Fees | 1.00% upfront |
Insurance | 0.47%-0.97% upfront |
Tax | 12.36% fees |
Comp Dep | N/A |
Range of pricing | |
Interest Price Component | 19.8% - 23.8% |
Fee Component | 0.9% - 2.2% |
Insurance Component | 0 - 1.1% |
Tax Component Range | 0.1% - 0.3% |
Full APR (int fee ins tax dep) | 24.7% - 25.2% |
Transparency Index (min/max) | 87 - 93 |
Transparency Index (average) | 92 |
40,100 |
PHP 11,000 - 50,000 |
6 |
Credit Educ, Group Mtgs, Tech Asst Visits, Values Development, Personal Counselling and Life Skills Training, Business mentoring |
40.0% annual, Flat |
2.00% upfront |
None |
None |
20.0% upfront 100.00 ongoing |
N/A |
87.6% (Int+Fee) |
0 |
0 |
131.3% - 131.4% |
8 - 32 |
30 |
Outstanding portfolio (INR) | INR 14,765,576,299 |
Portfolio (USD) | USD 278,595,779.20 |
Active Clients with Loans | 851,819 |
Approximate % Female Clients | 100% |
Approximate % Urban Clients | 20% - 40% |
Individual | x |
Solidarity group | |
Village banking | |
Self help group | |
Other | Group Based Individual Lending |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | |
Business training | |
Other training | x |
Other | Group Leadership Training |
Other (2) | Financial Literacy & Social Awareness |
No other services |
Men | |
Women | x |
Must run a business | x |
Must own a home or land | |
Must be a salaried worker | |
Must be specific age group | x |
Household income <60,000 INR | x |
Household income <120,000 INR | x |
Must live in rural area | x |
Must lives in urban area | x |
Other | Must be 18 years to 60 years |
Other (2) |
# Regions for this institution | 18 |
# Regions for this product | 19 |
Regions Active | Assam, Bihar, Chhattisgarh, Gujarat, HaryanaJharkhand, Madhya Pradesh, Maharashtra, Meghalaya, Orissa, Rajasthan, Sikkim, Tripura, Uttar Pradesh, Uttarakhand, West Bengal, Andaman and Nicobar IslandsDadra and Nagar Haveli, National Capital Territory of Delhi |
Outstanding portfolio (PHP) | PHP 221,374,459 |
Portfolio (USD) | USD 5,296,039.69 |
Active Clients with Loans | 40,100 |
Approximate % Female Clients | 80% - 100% |
Approximate % Urban Clients | 60% - 80% |
Individual | |
Solidarity group | x |
Village banking | |
Self help group | |
Other |
Any purpose | |
Income generation | x |
Mortgage/housing | |
Consumer loan | |
Agriculture | |
Education | |
Other household finance | |
Other | |
Other (2) |
Credit education | x |
Group meetings | x |
Credit insurance | |
Workplace visits | x |
Business training | |
Other training | |
Other | Values Development, Personal Counselling and Life Skills Training |
Other (2) | Business mentoring |
No other services |
Men | x |
Women | x |
Must run a business | x |
Must own a home or land | x |
Must be a salaried worker | |
Must be specific age group | |
Other | Must be community resident for at least 5 years |
Other (2) |
# Regions for this institution | N/A |
# Regions for this product | N/A |
Regions Active |
Currency | INR |
Minimum loan size | INR 16,000 |
Maximum loan size | 50,000 |
Loans less than INR 5,000 | 0 |
INR 5,000-15,000 | 0 |
INR 15,000-25,000 | 70% |
INR 25,000-35,000 | 20% |
INR 35,000-45,000 | 5% |
Greater than INR 45,000 | 5% |
Shortest loan term | 24.0 months |
Longest loan term | 24.0 months |
Approx average | 24.0 months |
Loans 3 months or less | 0 |
Between 4 and 6 months | 0 |
Between 7 and 9 months | 0 |
Between 10 and 12 months | 0 |
Between 13 and 18 months | 0 |
Longer than 18 months | 100% |
Grace period usage | 100% |
Average grace period | 0.3 months |
Daily | |
Weekly | x |
Every 2 weeks | x |
Every 4 weeks | |
Monthly | x |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Currency | PHP |
Minimum loan size | PHP 11,000 |
Maximum loan size | 50,000 |
Shortest loan term | 6.0 months |
Longest loan term | 6.0 months |
Approx average | 6.0 months |
Grace period usage | 0 |
Average grace period | 0 |
Daily | |
Weekly | x |
Every 2 weeks | |
Every 4 weeks | |
Monthly | |
Every 2 months | |
Quarterly | |
Every 6 months | |
Every 12 months | |
Single end payment | |
Irregular payments |
Lowest quoted nominal interest | 22.90% |
Highest quoted nominal interest | 22.90% |
Interest rate period | Yearly |
Interest Rate Calculation Method | Decl Bal |
Subsidized by funder request? | No |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Processing Fee |
% of loan amount - min | 1.00% |
% of loan amount - max | 1.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | Service Tax Extra |
Appears on Repayment Sched? | Yes |
Ins 1 | |
---|---|
Description | Life Insurance |
% of loan amount - min | 0.47% |
% of loan amount - max | 0.97% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | 4.68 / 9.68 Rs per thousand of loan for 1 and 2 year respectively |
Appears on Repayment Sched? | Yes |
Required for | Never |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | N/A |
Do borrowers control deposit in their group? | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
% loan amount deposited | N/A |
or, Fixed-amount deposited | N/A |
Conditions on access to deposit | N/A |
Minimum interest rate paid | N/A |
Maximum interest rate paid | N/A |
Interest payment frequency | N/A |
Are taxes charged on this product? | Yes |
Percentage of fees | 12.4% |
All or some fees taxed | Some |
Lowest quoted nominal interest | 3.33% |
Highest quoted nominal interest | 3.33% |
Interest rate period | Monthly |
Interest Rate Calculation Method | Flat |
Subsidized by funder request? | |
Is rate fixed for entire loan term | Yes |
Fee 1 | |
---|---|
Description | Service Fee |
% of loan amount - min | 2.00% |
% of loan amount - max | 2.00% |
OR, Fixed amount - min | 0 |
Fixed amount - max | 0 |
Reason for variation | |
Appears on Repayment Sched? | No |
Required for | All |
Criteria | N/A |
Is deposit indicated on the repayment schedule? | |
Do borrowers control deposit in their group? |
% loan amount deposited | 20.00% |
or, Fixed-amount deposited | 0 |
% loan amount deposited | 0 |
or, Fixed-amount deposited | PHP 100 |
Conditions on access to deposit | Access During |
Minimum interest rate paid | 3.00% |
Maximum interest rate paid | 3.00% |
Interest payment frequency | Annually |
Are taxes charged on this product? | No |
Sample 1 | Sample 2 | Sample 3 | |||
---|---|---|---|---|---|
Loan Amount | INR 18,000 | INR 30,000 | INR 40,000 | ||
Loan Cycle (1, 2, 3, etc) | Not Known | Not Known | Not Known | ||
Disbursement Date | 2012-10-16 | 2012-10-05 | 2012-10-17 | ||
Loan Term (Months) | 25.0 months | 24.0 months | 25.0 months | ||
Grace Period (Months) | -0.5 months | -0.8 months | 0.2 months | ||
Total Cost of Credit | INR 4,879.49 | INR 8,092.48 | INR 10,785.64 | ||
True Price by Comp | |||||
Interest price component | 22.5% | 22.9% | 22.5% | ||
Fee Component | 1.0% | 1.1% | 1.0% | ||
Insurance Component | 1.0% | 1.1% | 1.1% | ||
Tax Component | 0.2% | 0.1% | 0.1% | ||
Deposit Component | 0.0% | 0.0% | 0.0% | ||
Full APR (int fee ins tax dep) | 24.7% | 25.2% | 24.7% | ||
MFIN MFI Earning (Annualised) | 23.5% | 24.0% | 23.5% | ||
MFIN Cost to Borrower (Annualised) | 24.7% | 25.2% | 24.7% | ||
Transparency Index | 93 | 91 | 93 | ||
MFIN Transparency Index | 100 | 100 | 100 | ||
Original Repayment Schedule | |||||
MFT Pricing Calculation |
Sample 1 | Sample 2 | Sample 3 | Sample 4 | ||||
---|---|---|---|---|---|---|---|
Loan Amount | PHP 16,000 | PHP 27,000 | PHP 30,000 | PHP 30,000 | |||
Loan Cycle (1, 2, 3, etc) | 6 | 13 | 10 | 10 | |||
Disbursement Date | 2011-08-01 | 2011-08-02 | 2011-07-13 | 2011-06-20 | |||
Loan Term (Months) | 6.0 months | 6.0 months | 6.0 months | 6.0 months | |||
Grace Period (Months) | 0.0 months | 0.0 months | 0.0 months | 0.0 months | |||
Total Cost of Credit | Not Known | Not Known | Not Known | Not Known | |||
True Price by Comp | |||||||
Interest and Fee Component | 87.6% | 87.6% | 87.6% | 87.6% | |||
Insurance Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Tax Component | 0.0% | 0.0% | 0.0% | 0.0% | |||
Deposit Component | 43.7% | 43.7% | 43.7% | 43.8% | |||
Full APR (int fee ins tax dep) | 131.4% | 131.4% | 131.3% | 131.4% | |||
Transparency Index | 30 | 30 | 30 | 30 | |||
Original Repayment Schedule | |||||||
MFT Pricing Calculation |
Key Statistics | |
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# Samples: | |
# Products | |
# Institutions | |
# Countries | |
# Borrowers | |
Loan Portfolio (USD) | |
% Products using declining balance | |
% Products with one or more fee | |
% Products with one or more insurances | |
% Products with compulsory deposits |
Country | InstAbbrev | SampleCode | Loan Amount USD | Loan Term (Months) | SampClients | FullAPR | DateApproved |
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